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City Report · CO

Castle Pines

Pop. 4,436·12th most expensive in Colorado·Castle Pines rents have dropped 14.2%, currently a renter's market
Median rent (all units)
$2,657/mo
Year-over-Year
-14.2%
Month-over-Month
+2.1%
vs US Median
+$695
Rising (Monthly)
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Most AffordableMost Expensive
Castle Pines · $2,657
More expensive than 83% of US cities · National median $1,962/mo
Affordability
17% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,657/mo, rent takes about 17% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$106,000/yr
Local median income
$191,229/yr
Based on the 30%-of-income rule using Castle Pines's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,820
1 BR
$1,990
2 BR
$2,380
3 BR
$3,110
4 BR+
$3,480
Fair Market Rent (HUD)
$2,380/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,657 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$31,884/yr
At $2,657/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 14.2% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-14.2% YoY, +2.1% MoM), not inventory.
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Demographics

Who lives here

Castle Pines, CO is majority owner-occupied, has a large retiree population, has a median income above the national average, 79.6% of residents hold a bachelor's degree or higher.

Population
4,436
Median income
$191,229
Median age
53.9
Age distribution
15.1%
12.6%
23.4%
25.8%
23.1%
Under 1815.1%
18–3412.6%
35–5423.4%
55–6425.8%
65+23.1%
Gender
51.6%
48.4%
Male51.6%
Female48.4%
Race & ethnicity
91%
White91%
Hispanic5.9%
Asian2%
Other0.9%
Education (25+)
17.2%
79.6%
HS diploma3.1%
Some college17.2%
Bachelor's+79.6%
Housing tenure
100%
Owner100%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Castle Pines, CO has changed in 5 years

Income
$186,976 → $191,229
up 2.3%
Population
11,296 → 4,436
down 60.7%
Renter share
10.9% → 0%
-10.9 pts
Bachelor's+
70.8% → 79.6%
+8.8 pts
Median age
43.2 → 53.9
+10.7 yrs

Household income in the area moved from $186,976 to $191,229 across the same window, up 2.3% versus 2021. The population has contracted by 60.7% since 2021, moving from about 11,296 residents to roughly 4,436. Renters now make up 0% of households, compared with 10.9% five years ago. College-educated residents now make up 79.6% of adults here, versus 70.8% in 2021.

Community

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View Castle Pines rent history (2015–2026) →
Salary vs rent

Can you afford rent in Castle Pines on your salary?

At $2,657/mo, how Castle Pines rent compares to typical pay (30% rule).

By apartment size

Castle Pines rent by bedroom count

Median rent for each apartment size in Castle Pines. Click any size for full breakdown.

Local insights

Tips for renters in Castle Pines

About renting in Castle Pines, CO

Last updated: August 17, 2026

The median rent in Castle Pines is $2,657/mo as of August 2026. A studio apartment averages $1,820/mo while a 2-bedroom runs $2,380/mo. One-bedroom apartments average $1,990/mo and 3-bedroom units go for $3,110/mo.

At 17% of local median household income ($191,229/yr), Castle Pines ranks as affordable compared to the national benchmark of 30%. Rents have decreased 14.2% over the past year.

FAQ

Frequently asked questions

Is Castle Pines an affordable city for renters?

Castle Pines is considered very affordable for renters. At $2,657/mo, rent takes approximately 17% of the local median household income ($191,229/yr). The standard benchmark is 30%. Castle Pines falls comfortably within that range.

How much income do you need to rent in Castle Pines?

To keep rent at or below 30% of gross income, you would need to earn at least $106,000/year (~$51/hour full-time) to afford the median rent of $2,657/mo in Castle Pines. The local median household income is $191,229/yr, meaning the typical Castle Pines household meets that threshold.

Is rent going up or down in Castle Pines?

Rent in Castle Pines has decreased 14.2% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Castle Pines rent compare to other cities in Colorado?

Castle Pines is one of the pricier cities in Colorado for rent, ranking #12 out of 67 tracked cities at $2,657/mo.

Which nearby cities are cheaper to rent in than Castle Pines?

Several nearby cities have lower median rents than Castle Pines ($2,657/mo): Cherry Creek ($1,868/mo), Meridian ($1,940/mo), Lone Tree ($1,988/mo).

How does Castle Pines rent compare to the national average?

Castle Pines's median rent of $2,657/mo is $695 (35%) above the US national median of $1,962/mo. Within Colorado, it ranks #12 out of 67 tracked cities.
Income Affordability
17%
VERY AFFORDABLE

At $2,657/mo, rent takes ~17% of Castle Pines's median household income ($191,229/yr). The standard benchmark is 30%.

Castle Pines 17%Benchmark 30%
State income tax4.4%
Run the Castle Pines affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Castle Pines, CO

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